The influence of stakeholder power on corporate social responsibility: evidence from a relationship-based economy

Article

Rashid, Afzalur. 2015. "The influence of stakeholder power on corporate social responsibility: evidence from a relationship-based economy." Social Responsibility Journal. 11 (2), pp. 270-289. https://doi.org/10.1108/SRJ-09-2013-0109
Article Title

The influence of stakeholder power on corporate social responsibility: evidence from a relationship-based economy

ERA Journal ID40462
Article CategoryArticle
Authors
AuthorRashid, Afzalur
Journal TitleSocial Responsibility Journal
Journal Citation11 (2), pp. 270-289
Number of Pages20
Year2015
PublisherEmerald
Place of PublicationUnited Kingdom
ISSN1747-1117
Digital Object Identifier (DOI)https://doi.org/10.1108/SRJ-09-2013-0109
Web Address (URL)https://www.emerald.com/insight/content/doi/10.1108/SRJ-09-2013-0109/full/html
Abstract

Purpose – This study aims to examine whether lenders’ power and other attributes influence corporate social responsibility (CSR) reporting in Bangladesh.

Design/methodology/approach – This study uses content analysis to examine specific CSR-related attributes from 115 publicly listed firms in Bangladesh. By using various attributes of social and environmental reporting a disclosure index is also constructed. This study uses an Ordinary Lease Square Regression analysis to examine the relationship between stakeholders’ power and CSR reporting.

Findings – The finding is that lenders’ power, or the extent of borrowing, does not influence CSR exposure. However, lenders’ cost of monitoring and ability to monitor significantly and positively influence CSR exposure.

Research limitations/implications – This study is subject to some limitations, such as the subjectivity or judgement associated in the coding process.

Practical implications – The implication of this study is that, when multiple borrowing creates 'claim-dilution' problems, lenders are found to influence CSR activity.

Originality/value – This study also supports the stakeholder theory and contributes to the literature on the practices of CSR reporting in the context of developing countries.

KeywordsBangladesh, power, stakeholders, corporate social responsibility, lender
Contains Sensitive ContentDoes not contain sensitive content
ANZSRC Field of Research 2020350107. Sustainability accounting and reporting
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Files associated with this item cannot be displayed due to copyright restrictions.

Byline AffiliationsSchool of Commerce
Institution of OriginUniversity of Southern Queensland
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